More global government infrastructure projects leading to a higher demand for credit insurance and surety have increased the need for risk management of exposures, according to a study by Swiss Re.
The study, "Credit Insurance and Surety: Solidifying Commitments," found that values secured through credit insurance and surety bonds last year totaled about $2.9 trillion, or 6.5 percent of the world's gross national product (GNP).
Credit insurers and surety companies are particularly active in niches including export trade, domestic sales to retail, and construction sectors and contractors doing business with public institutions, according to the report.
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